Proto Labs(US:PRLB)2026-02-06 11:06Revenue Performance - Record quarterly revenue of $136.5 million, a 12.1% increase year-over-year[1] - Record annual revenue of $533.1 million, a 6.4% increase year-over-year[1] - Total revenue for the three months ended December 31, 2025, was $136.493 million, a 12.1% increase from $121.750 million in the same period of 2024[22] - For the full year 2025, total revenue was $533.127 million, a 6.4% increase from $500.890 million in 2024[34] - The revenue growth in the United States for Q4 2025 was 15.9%, reaching $111.986 million, while Europe experienced a decline of 2.6%[34] Profitability - Net income for Q4 2025 was $6.0 million, or $0.25 per diluted share, compared to a net loss of $(0.4) million in Q4 2024[5] - Non-GAAP net income for Q4 2025 was $10.7 million, or $0.44 per diluted share, compared to $9.4 million, or $0.38 per diluted share in Q4 2024[5] - Net income for the twelve months ended December 31, 2025, was $21.241 million, compared to $16.593 million in 2024, reflecting a 28.0% year-over-year increase[24] - Non-GAAP net income for the twelve months ended December 31, 2025, was $40.200 million, slightly down from $41.168 million in 2024[25] - GAAP net income for Q4 2025 was $5.999 million, compared to a loss of $0.404 million in Q4 2024, resulting in a GAAP net income margin of 4.4%[32] Operating Metrics - Cash generated from operations was $74.5 million in 2025[5] - Operating expenses for the three months ended December 31, 2025, totaled $53.572 million, compared to $53.452 million in the same period of 2024[22] - The company reported a non-GAAP operating margin of 9.1% for Q4 2025, compared to 7.6% in Q4 2024[30] - Adjusted EBITDA for Q4 2025 was $19.939 million, with an adjusted EBITDA margin of 14.6%, up from $16.861 million and 13.8% in Q4 2024[32] Cash and Investments - Cash and investments balance was $142.4 million as of December 31, 2025[5] - Cash and cash equivalents at the end of the period were $110.826 million, up from $89.071 million at the beginning of the period[24] - The company invested $14.842 million in property, equipment, and other capital assets during the twelve months ended December 31, 2025[24] Customer Metrics - Customer contacts decreased to 19,621 in Q4 2025 from 21,558 in Q4 2024, while revenue per customer contact increased to $6,956 from $5,648[40] - The company reported a total of 48,415 customer contacts for the full year 2025, down from 51,552 in 2024[40] Future Outlook - Protolabs expects revenue growth between 6% and 8% in fiscal year 2026[12] - For Q1 2026, Protolabs expects revenue between $130.0 million and $138.0 million[12] - The company expects Q1 2026 GAAP diluted net income per share to be between $0.18 and $0.26, with non-GAAP diluted net income per share projected between $0.36 and $0.44[42] Segment Performance - CNC Machining revenue grew 25.0% year-over-year in Q4 2025[5] - The CNC Machining segment generated $65.496 million in revenue for Q4 2025, a significant increase from $52.389 million in Q4 2024[22] - The CNC Machining service line saw a revenue increase of 25.0% in Q4 2025, reaching $65.496 million compared to $52.389 million in Q4 2024[36] Gross Profit - Gross profit for the same period was $60.372 million, resulting in a gross margin of 44.2%, up from 42.7% in Q4 2024[28]